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Cyber Insurance: Higher Premiums, Limited Coverage

Data Breach Today

GAO Report Summarizes Market Trends The increasing number of cyberthreats, especially ransomware attacks, is leading some cyber insurers to raise premiums and limit some coverage in hard-hit sectors, such as healthcare and education, according to a report from the Government Accountability Office.

Insurance 280
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Top 8 Cyber Insurance Companies for 2022

eSecurity Planet

That’s where cyber insurance may be able to help. According to the Ponemon Institute and IBM, the global average cost of a data breach is $4.24 As the number and severity of data breaches continues to rise, organizations are recognizing that those costs are not theoretical. Cyber Insurance is Booming. That’s a 29.1%

Insurance 101
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Data Breaches and Cyber Attacks in October 2023 – 867,072,315 Records Breached

IT Governance

Introducing our Data Breach Dashboard We’re excited to introduce our new monthly Data Breach Dashboard – a one-page overview of this month’s key findings that you can download for free. You’ll also be able to download each month’s data (and our sources) from the same page as the corresponding Dashboard.

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New York Department of Financial Services Issues First Guidance by a U.S. Regulator Concerning Cyber Insurance

Data Matters

2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. According to NYDFS, the incorporation of these practices should be proportionate to each insurer’s size, resources, geographic distribution, and other factors. The Framework.

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GUEST ESSAY: Scammers leverage social media, clever con games to carry out digital exploitation

The Last Watchdog

One trend we’ve seen in recent years is a massive surge in cases of sextortion. Exploitation drivers From the case of Hegestratos committing insurance fraud by sinking a ship in 300 B.C., The advancement of fraud has materialized parallel to that of currency.

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New Ransom Payment Schemes Target Executives, Telemedicine

Krebs on Security

The CLOP members said one tried-and-true method of infecting healthcare providers involved gathering healthcare insurance and payment data to use in submitting requests for a remote consultation on a patient who has cirrhosis of the liver. Encrypting sensitive data wherever possible. ” .

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SHARED INTEL Q&A: My thoughts and opinions about cyber threats — as discussed with OneRep

The Last Watchdog

Adding to this will be very smart uses of generative AI – centered around wisely directing LLM capacities onto specific data lakes containing threat intelligence information. More good news: there’s a trend toward increasingly proficient MSSPs stepping forward to help SMBs, mid-market enterprises and large enterprises do this.